Hopatcong Solar Field – Ribbon Cutting – Turns Borough Town into 1.5Mw of Local Solar Power

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The Borough of Hopatcong and NJR Clean Energy Ventures is pleased today with the ribbon cutting and launch of their 49th implementation in the State in NJ, The new 1.5 Mw of power, clean, green power is like taking 290 cars off the road, additionally NJ Clean Ventures with over has over 350 Mw online, reduces power for 350,000 homes in New Jersey.

Maoyor Final StatementsFrom the initial introduction through the speach by Sylvia Petillo, Sussex County Freeholder Director, the recognition for the primary mover in this project seemed to focus on Mayor Michael Francis, who started this project over 10 years ago.

According to Sylvia Petillo, Freeholder Director, “While I felt he was crazy in this plan, I said go ahead, I support you.”

That left Mayor Francis on a long search through rules, regulations, state red-tape to find the right developer to take an unused capped dump and make it into something purposeful that could contribute back to the town. The fourth candidate in the investigation “NJ Clean Ventures,” had the right model, experience, and business model for Hopatcong.

Coverage of the Ribbon Cutting:

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After being finally awarded and implemented this year NJ Clean Ventures and their Partners started the project. During the construction, and implementation in about four-months they employed 100+ union workers on the project that produced the following.

Specifications of Solar Field:

  • 4,000 Panels installed, each costing about $250 each
  • Each Panel produces about 285 watts
  • Each panel measures 78” x 39” and weighs about 39 lbs.
  • The panels are 90% efficient, which is guaranteed for 10 years
  • Each panel is the top of the line Monocrystalline solar panels
  • Each Panel has 144 monocrystalline cells

Overview of Cost Avoidance & Revenue:

Areas of Cost Avoidance

 

·         Annual Cost of Soil Samples

$10,000

·         Annual cost of land (mowing) Maintenance

$3,000

Total Cost Avoidance:

$13,0000

   

Areas of Revenue:

 

·       1.5Mw  Annual Revenue Megawatt ($15,500 per Mw)

$23,250

   

Annual Total Cost Avoidance & Revenue:

$36,250

 

Pictures throughout the Development Phase:

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Related Press Release from NJR Clean

NJR Clean Energy Ventures (NJRCEV), the clean energy subsidiary of New Jersey Resources (NYSE: NJR), and the Borough of Hopatcong, today, celebrated the completion of a new 1.5 megawatt (MW) ground-mounted solar project at the former municipal landfill. Consisting of nearly 4,000 solar panels, the fixed-tilt array is expected to provide enough clean energy to power 230 homes annually and reduce emissions by 1,435 tons, equal to removing 290 cars from the road each year.

The capped landfill has been closed for more than 30 years. NJRCEV will lease 23 acres of this underutilized space from the borough for a term of 25 years with the opportunity to extend the agreement for up to an additional 10 years. The clean power produced will be sold to PJM and further the state’s clean energy goals.

“As one of the earliest investors in New Jersey’s solar marketplace, NJR Clean Energy Ventures has a long track record of innovation and sustainability, and our Hopatcong solar project reflects that commitment,” said Steve Westhoven, president and CEO of New Jersey Resources. “By turning this brownfield into renewable, green energy, we are helping to support the state’s emission reduction goals, grow our business and lead the way to a clean energy future for New Jersey.”

Hopatcong Mayor Michael Francis said, "This is a win-win for everybody. Each year, the landfill costs the borough money in water testing and fees. We look forward to offsetting these costs and saving taxpayers money while generating clean energy for the state.”

The Hopatcong solar project was jointly developed and permitted by AC Power LLC and Citrine Power LLC after the developers signed a lease with the borough in 2018. NJRCEV acquired the project in 2019 and completed construction in September 2020. The Hopatcong solar project was approved for Transition Renewable Energy Credits (TRECs) under the New Jersey Board of Public Utilities’ T grid-connected project application process. TRECs are the credits generated by solar systems that can be sold to meet utility providers’ renewable energy requirements.

Over the past 10 years, NJRCEV has grown to become one of the largest solar investors in the state, with more than $970 million deployed across New Jersey’s 21 counties. NJRCEV now maintains more than 350 MW of installed capacity - enough to power nearly 55,000 homes and reduce 322,000 metric tons of greenhouse gas emissions annually. These investments reflect the company’s core values and support a clean energy future for New Jersey by delivering clean, safe, and reliable energy, providing customers with low carbon energy solutions and reducing emissions consistent with the state’s goals.

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

  • New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex and Burlington counties.
  • NJR Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 350 megawatts, providing residential and commercial customers with low-carbon solutions.
  • NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
  • NJR Midstream serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50 percent equity ownership in the Steckman Ridge natural gas storage facility, and our 20 percent equity interest in the PennEast Pipeline Project.
  • NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.


 

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